News Nuggets | 7 November: Acuity Adds New MT Feature; eToro Presents SpaceTech Portfolio

<p>Acuity Trading Enhances
MetaTrader with Push Notifications</p><p><a href="https://www.financemagnates.com/tag/acuity/" target="_blank" rel="follow">Acuity
Trading</a> has introduced a new Push Notifications feature for MetaTrader platforms,
enhancing the trading experience for users of the MetaTrader 4 and 5 mobile
apps. </p><p>This
feature allows traders to receive instant alerts, streamlining the process of
order placement and trading. Brokers can customize alerts based on confidence
levels for trade ideas, leading users directly to detailed information and
market charts. </p><p>“Why enable
Push Notifications? With them, users reduce the number of steps needed to place
an order or a trade via their MetaTrader apps,” the company explained.</p><p>eToro's SpaceTech
Portfolio: Investing in the Final Frontier</p><p><a href="https://www.financemagnates.com/tag/etoro/" target="_blank" rel="follow">eToro </a>has
launched SpaceTech, a portfolio that offers retail investors a gateway to the
burgeoning space industry, currently valued at $447 billion and expected to
exceed $1 trillion by 2030. The portfolio includes a diverse range of
companies, from aerospace and defense giants to satellite communication firms. </p><p>With a
minimum investment of $500, investors can gain exposure to this high-growth
sector through a carefully curated selection of 30 stocks, each representing an
equal portion of the portfolio. This initiative reflects eToro's commitment to
providing innovative investment opportunities in emerging industries.</p><p>“Since Neil
Armstrong’s historic moon landing in 1969, humanity’s fascination with space
has only intensified,” Dani Brinker, the Head of Investment Portfolios at
eToro, commented. “Over the past six decades, this drive for cosmic exploration
has led to the development of new technologies that have improved ‘terrestrial’
industries like telecommunications and geolocation services, while also
creating new industries like space tourism.” </p><p>Travelex Appoints New
Global Retail Director</p><p>Travelex
has appointed Jackie Uhi as the Global Retail Director to spearhead the company's
retail strategy and international market growth. Uhi, with extensive experience
in retail banking, will oversee more than 1,100 stores and 900 ATMs worldwide.
Travelex aims to enhance customer convenience and value through innovative
retail solutions like ATM click-and-collect services and automated currency
kiosks. </p><p>The
company's expansion efforts have already created over 1,200 new jobs, with more
store openings planned. Cameron Hume's transition to Global Wholesale Director
marks a strategic move to bolster <a href="https://www.financemagnates.com/tag/travelex/" target="_blank" rel="follow">Travelex's </a>wholesale operations, particularly
in the Asian market.</p><p>Broadridge Introduces
AI-Enabled Tools for Strategic Asset Management</p><p><a href="https://www.financemagnates.com/tag/broadridge/" target="_blank" rel="follow">Broadridge
Financial Solutions</a> has launched DistributionAI and Global Demand Model,
AI-enabled tools designed to help asset managers make strategic decisions.
DistributionAI allows for natural language analysis of global asset management
trends, while the Global Demand Model provides insights into current and future
product demand by tracking over $100 trillion of global assets. </p><p>These tools
represent Broadridge's commitment to leveraging AI for innovative client
solutions, enabling asset managers to navigate the competitive landscape with
data-driven confidence.</p><p>“DistributionAI
and Global Demand Model are the latest examples of Broadridge’s ability to
harness AI-enabled <a href="https://www.financemagnates.com/terms/a/analytics/">analytics</a> to create innovative solutions for clients,” Nigel
Birch, the Global Head of Product, Data and Analytics at Broadridge, said.
“These powerful new technologies are super-charging data analysis and making it
much quicker and easier for asset managers to interpret and apply data-driven
insights across critical decision-making functions.”</p><p>Securities Fraud Trial
Date Set for Christine Yeung</p><p>The Eastern
Magistrates’ Court of Hong Kong has scheduled Christine Yeung's trial for
employing a fraudulent scheme in securities transactions and illegal short
selling. Yeung has pleaded not guilty to the charges, marking the first
prosecution of its kind by the Securities and Futures Commission (<a href="https://www.financemagnates.com/tag/sfc/" target="_blank" rel="follow">SFC</a>). </p><p>The case
centers on allegations of fraudulent activities involving Yeung and Aristo
Securities Limited in May 2020. Yeung has been granted bail as she awaits
trial.</p><p>“The SFC
alleges that, between 27 May 2020 and 28 May 2020, Yeung, together with other
people unknown, employed a scheme to defraud or to deceive her broker Aristo
Securities Limited by, inter alia, submitting a false <a href="https://www.financemagnates.com/terms/s/settlement/">settlement</a> instructions
form to it for her securities transactions,” the statement revealed.</p><p>UBS Shares Surge on Strong
Underlying Profit</p><p><a href="https://www.financemagnates.com/tag/ubs/" target="_blank" rel="follow">UBS </a>shares
have risen 4% following the announcement of a significant underlying
operating profit of $844 million, surpassing consensus expectations. Despite a
net loss of $785 million due to expenses from the Credit Suisse integration,
UBS's performance in wealth management, asset management, and corporate banking
showed marked improvements. </p><p>The bank's
liquidity remains robust with a CET1 capital ratio of 14.4%. UBS CEO Sergio
Ermotti highlighted the bank's progress in integration plans and the positive
client inflows as key factors in the bank's resilient performance.</p><p>“We are
executing on the integration of Credit Suisse at pace and have delivered
underlying profitability for the Group in the first full quarter since the
acquisition,” Sergio P. Ermotti, the CEO of UBS Group, commented. “Our clients
have continued to place their trust and confidence in us, contributing to
strong inflows across wealth management and our Swiss franchise.”</p>

This article was written by Damian Chmiel at www.financemagnates.com.